Lucida

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer for sale the leasehold interest in The Lucida (the “Property”), a luxury, mixed-use retail and residential condominium located at 86th Street and Lexington Avenue in the heart of Manhattan’s coveted Upper East Side neighborhood. The 156,000 square-foot Property comprises a fully leased, 98,000-square-foot retail component and two residential buildings consisting of 39 units that are currently 96% occupied at 151 E 85th Street and 155 E 85th Street. This opportunity offers investors the rare opportunity to acquire a luxury, mixed-use asset at a compelling basis with secure in-place cash flow and attractive yields. All inquiries regarding the Property should be directed to JLL.